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"For China, prudent monetary policy is basically appropriate at present as indicated by major financial data in August, such as improved aggregate social financing and the growth rate of the broad money supply," said Sheng Songcheng, former head of the PBOC statistics and analysis department.

"Fierce market competition is expected in China, as more opportunities and government's favorable policies are within sight," Song said, adding better products with lower prices will come along and bring more benefits to consumers.

"For any company, China is a strategic market that cannot be ignored," she declared, noting that "it is a privilege that GE is a participator, witness and beneficiary of China's social and economic development."

"Fighting counterfeits is a long-term process. We have learned a lot from the likes of Alibaba and imposed stricter fines on unlawful merchants," said Colin Huang, Pinduoduo's founder and chairman, during a media briefing last week.

"For the first time ever, the flagship 5G SoC (system on chips) has more than 15.3 billion transistors, making it the densest and most full-featured 5G SoC to date," Yu said.